Member Info for breaktwister

The answers are in this thread. I for one am very glad to see "sellers at any price" for an asset that I am interested in buying. Scooping up as many as I can here while the indexes are selling.

LOL at Fres being down today. WDF! I added at 873 yesterday and I am adding more at 900 today.

Another huge smackdown at 2.45. Not normal imo.

That 1h bar from this morning is horrendous looking, has changed the whole technical structure. With no news at all it has to be insider/manipulation.

I added at 873. Price does not make any sense at all this morning.

Makes me worried that the Cartel is planning to smash silver back into the down channel to create a "fakeout" today, at their usual time of Comex open. There does not seem to be any reason why this would be sold off hard after gap open and open drive.

What da hell just happened? Silver was up on Friday and this morning, price was strong then sudden reversal

Market does not seem to care that Angela North is a monster. Resource estimates will be massively increased. IMS-21-062: 9.7m @ 91.7g/t Au & 3,013g/t Ag.

Yes, 5 rigs on the go at present

I have been in HOC for 5 years as I wanted leveraged exposure to the price of metals, silver in particular, and my broker only had UK companies HOC and FRES. Silver was $16 and gold $1220 when I started buying HOC with current prices $27 and $1790 yet my investments into HOC are in the red?? The company has significantly underperformed. All the stories about miners providing leverage to the price of metal are utter BS imo.

In need of a good RNS? What on earth, we had one yesterday that confirmed 23.75m @ 17.40g/t Au with NUGGETS in the hole.

Not a bad summary DrR but instead of "gold found amongst silver and zinc" I would say "significant gold found 23.75m @ 17.40g/t Au (including 0.4m @ 948g/t Au) with silver and zinc credits"

Kemot, the previous drill results still stand and have been confirmed as being added to future resource estimates. Brad has stated that APTA may not be the best prospect within the licence. I am very excited to see what other goodies the drill will uncover. Hopefully more nuggets like we just found in the 1000g/t hole.

Means they can see the gold in the drill samples. Happy to buy more at a bargain price.

So there is no special mining tax in Peru currently, HOC just pay regular Corp tax at 30%? In that case, taxes will likely rise, but I won't be panic dumping.

What is the current tax situation in Peru? I mean how bad is 70% compared to present taxes?

PChips, if true then any dip should be bought with both hands, and I do expect a dip tomorrow as risk averse investors bail.

Sotolo and Chips, thank you very much for your commentary. I had no idea where else to go on the net to discuss politics in Peru! If Castillo understands mining like you say, he might realise that the real robbers of wealth are the banking cartels that steal from everyone in the mining chain.

Policital risk seems to be driving price lower. I wonder if he is bluffing to get votes? https://www.mining.com/web/top-peru-presidential-candidate-vows-to-curb-foreign-firms-looting-mining-wealth/

I have to say this kind of swing low, the lowest price since Oct 2020 breakout, usually bodes well for price. I prefer to see a swing low taking out all weak hands to signal a bottom.